Stock markets gain AED5.4 billion

UAE stock markets secured decent gains of AED5.4 billion at the close of Wednesday session, driven by high sentiments and a selective buying spree at the realty, banking and telecommunications sectors, with ADX General Index up 0.96 percent to 4514 points and DFM General Index increasing 0.80 percent to close at 3637, as compared to ysterday's session.

Emaar is back to close on a high note of AED8.70, with Damac following suit, rising to AED3.89 and Arabtec to AED3.03. At the banking sector, Dubai Islamic Bank secured gains and closed at AED6.21.

Etisalat continued its upward move and rose to AED20, driving most of the gains at ADX, followed by First Abu Dhabi Bank which closed high at AED10.50, with Dana Gas up to 81 fils and Aldar spiking to AED2.40.

In terms of trading volume and liquidity, a total of 7727 transactions were conducted worth AED770 million over 515 million shares. And for the third day running, the markets closed in the green, with 35 shares out of 62 trading companies closing high,19 down and 8 at their last traded prices.